Latest news with #cleanTech
Asharq Al-Awsat
2 days ago
- Business
- Asharq Al-Awsat
EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027
The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said. The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies. The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying. The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said. The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering. The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.
Reuters
2 days ago
- Business
- Reuters
EIB to allot 70 bln euros for tech sector in 2025-2027-officials
BRUSSELS, June 20 (Reuters) - The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said. The programme, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies. The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilise a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, EU officials said. The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said. The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering. The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defence technologies, robotics and advanced materials, the officials said.
Yahoo
3 days ago
- Automotive
- Yahoo
BMW boosts natural fibres in series models
Following the successful utilisation of renewable raw materials in racing cars, the BMW Group says it will now harness natural fibre composites for its series-production models. BMW maintains it has reached series maturity for natural fibre composites following several years of development and in-depth research. The composites from renewable raw materials can even meet the stringent demands of roof structures in total vehicle homologation. The flax-based lightweight components have been developed in collaboration with Bcomp, a Swiss clean-tech company, for several years now, BMW says. The partnership with Bcomp supports the BMW Group's goal of further reducing CO2 equivalent emissions in future vehicle models. BMW also holds a stake in Bcomp through BMW i Ventures, the company's venture capital arm. Lightweight construction has long been a crucial development field for the BMW Group. The use of natural fibres with a reduced CO2 footprint in composite materials has become increasingly important. Materials tests have demonstrated the fibres' great suitability, especially for visible exterior and interior components. One example BMW sites is exchanging carbon fibre composites for natural fibre composites in the roofs of the next-generation BMW Group portfolio. It says that leads to a CO2 equivalent reduction of around 40% in production plus additional end-of-life considerations. The innovative reinforcement parts made of natural fibre composites were initially used by BMW M Motorsport in the 2019 season of Formula E. Since then, the components have also been successfully used in the BMW M4 DTM and M4 GT4, replacing carbon fibre plastic (CFRP) parts. Since 2022, Bcomp has been an official BMW M Motorsport partner for the BMW M4 GT4. The new lightweight materials will be fitted in the BMW M4 GT4 for the 24-hour race on the Nürburgring. Franciscus van Meel, CEO of BMW M GmbH, said: 'Natural fibre composites are a vital element of innovative lightweight solutions in motorsport, allowing for a reduction in CO2e emissions in the manufacturing process. Natural fibre is an innovation that perfectly exemplifies BMW M's claim 'Born on the racetrack. Made for the streets.'. This is why we are delighted to confirm the series maturity of these materials, a breakthrough we achieved with our official BMW M Motorsport partner Bcomp. We are now looking forward to the use of these materials in future BMW M product ranges.' "BMW boosts natural fibres in series models" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Entrepreneur
4 days ago
- Automotive
- Entrepreneur
Institutional Investors Bet Big on Scalable Climate Solutions
India's clean-tech and EV investment landscape is rapidly evolving, from strong early stage funding to a deep focus on commercial scale and infrastructure, backed by robust frameworks, investors are not financing end-to-end solutions. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. India's clean-tech and EV investment landscape is rapidly evolving, from strong early stage funding to a deep focus on commercial scale and infrastructure, backed by robust frameworks, investors are not financing end-to-end solutions. According to Grip Invest, 2024 saw a significant rise in funding, attracting USD 564 million, a 37 per cent increase. Sustainable mobility (EV, OEMs, shared mobility, and batteries) accounted for over 70 per cent of funding, close to USD 220 million in Q2. Coming to institutional investment commitments, the United Kingdom's investment arm, British International Investment (BII) deployed USD 22.5 million in December 2024 into India's EV ecosystem, with a USD 15 million fund towards Everest Fleet and TI Clean Mobolity and a USD 3.5 million to Vecmocon, bringing its total commitment in the EV sector to USD 328 million. Schemes like Production-Linked Incentives (PLIs), which gave approximately USD 2.1 billion for advanced cell chemistry/batteries, USD 2.3 billion for solar panels, FAME II/III allocated $1.3 B through 2024 with another USD 300 million for FY 25. According to Crisil, India's green investments are projected to grow fivefold to INR 31 Lakh Crore, which is approximately USD 376 billion by 2030. Tarun Kapoor, Adviser to the PMO said this at a FICCI conference last year, "On 2‑wheelers, we should have much higher targets and a complete replacement is what we have to look for. On 4‑wheelers, government is fully supportive and there is a need to look at GST on batteries and charging stations," expressing ambition for full electrification of smaller EV segments. Tax incentives and import reductions seek to correct the heavy dependency on imported EV components . However, Orf research highlights a USD 44 billion per year climate funding gap and that current public-private investment falls well short of the USD 385 billion required by 2030. Vasudha Madhavan, Founder and CEO, Ostara Advisors said that the firm is observing a growing shift toward the broader climate tech ecosystem, which now encompasses not just renewables and solar energy, including rooftop solar, but also areas like industrial decarbonization, clean logistics, and energy-efficient warehousing. "Investor interest is expanding beyond the earlier EV-centric focus to include a diverse range of sectors contributing to decarbonization. However, the key challenge lies in ensuring these companies have strong unit economics and a clear path to profitability and scale. Additionally, there is increasing investor interest in niche segments within the EV space, including EV OEMs and ecosystem enablers such as financing solutions. There's a notable rise in attention from global investors, particularly from APAC, the Middle East, and other regions. We're also seeing the emergence of India-domiciled climate funds aimed at providing growth capital," said Madhavan, As private capital flows into Indian climate tech, we anticipate significant momentum toward building profitable, scalable businesses,driven by the immense opportunity the Indian market presents, added Madhavan. The events signal a shift, a shift in investor confidence that is transitioning from speculative to strategic scale plays, laying the groundwork for India's green technology future.
Wall Street Journal
13-06-2025
- Science
- Wall Street Journal
Water-Treatment Startup Sees Carbon Benefit in Harmful Algal Blooms
An Israeli startup is rethinking how to tackle two of the planet's most stubborn environmental threats—toxic algae that can lead to dead zones in oceans and rising carbon dioxide levels. BlueGreen Water Technologies is developing a novel approach to neutralizing harmful algal blooms, those vivid slicks of toxic plant life that can choke vast areas of sea and fresh water alike. In the process, it is also offering a potentially scalable new tool in the global effort to fight climate change.
